http://www.marketintelligencecenter.com/articles/1005318
Amazon (NASDAQ: AMZN) opened at 2.51. So far today, the stock has hit a low of 2.40 and a high of 4.59. AMZN is now trading at 3.29, up .06 (1.57%). Over the last 52 weeks the stock has ranged from a low of .52 to a high of 5.91. Shares of AMZN are rising this morning, getting momentum from a market rally touched off by news that the trade deficit fell to .9 billion in October as a weaker dollar boosted exports. Technical indicators for the stock are neutral and S&P gives AMZN a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on AMZN the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 110 range. [ABR-Seven Summits Strategic Investments NewsBite]
Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, the market is just too random and unless risk is controlled over time your account will slowly get wiped out, regardless how good a “trader” you think you are.
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Buy low ……….. sell high………..